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Poster: Mandojammer Date: Nov 25, 2008 12:17pm
Forum: GratefulDead Subject: Re: Another Bailout??????????? (Non Dead obviously)

smgarcia -

Bailout or not, we are headed for a Depression that will make '29 look like a carnival. Back then we were an 80% producer - 20% consumer economy. Now we are 70% consumer - 30% producer. And I think the guys back then didn't try to solve the problem by creating 7.4 TRILLION FUCKING DOLLARS of National debt to bailout companies with shitty business models.

Talk about deflation and hyperinflation - Jimmy Carter is going to look like an economic genius compared to the assembly of idiots lead by King Henry Paulson and Sub-Prime Minister Bernanke.

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Poster: smgarcia Date: Nov 25, 2008 2:07pm
Forum: GratefulDead Subject: Re: Another Bailout??????????? (Non Dead obviously)

Mando I hear ya. I don't like 7T of debt either. But I don't think we have much choice right now. I don't like the fact we are a consumer economy, I wish we exported more. And I think we could be more protectionist too, tarrif goods coming in to match what countries do to our goods going into their countries. Why is it that we are the only nation in the world that ascribes to the free trade policy? Every other country, as far as I know, puts up barriers. We don't.

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Poster: Mandojammer Date: Nov 25, 2008 2:39pm
Forum: GratefulDead Subject: Re: Another Bailout??????????? (Non Dead obviously)

sm -

I have been harping this guy for awhile now. Please go take a look at Chris Martenson's website. Watch "The Crash Course" and formulate your own opinion. It's free, no sign-ups (unless you want to get his newsletter -I think that is free) and your only cost will be your time. Time well spent IMO - I sat my kids down (both young adults) and made them watch.

Read Martenson's daily updates - I am just starting to understand what he is talking about but what I've heard has me very nervous.

The scariest part to all of this is nobody on Capitol Hill (incoming or outgoing) understands any of this.

Sorry to be such a downer on the board - but I think if more people got this, We The People could truly make our voices heard and stop putting professional politicians in office and instead hire people to do the right thing.

Be Well my friend.

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Poster: Mandojammer Date: Nov 25, 2008 2:49pm
Forum: GratefulDead Subject: Re: Another Bailout??????????? (Non Dead obviously)

I'm a dumbass

www.chrismartenson.com